Senate Sends Strong Warning to Oil Regulators Over Tinubu’s Reforms

The Nigerian Senate has warned petroleum regulatory agencies against administrative sabotage, inefficiency and lack of transparency capable of frustrating President Bola Tinubu’s reforms in the oil sector.

The warning was issued on Thursday, November 12, by Senator Abdulrahman Sumaila, Chairman of the Senate Committee on Petroleum Downstream, during the screening of seven nominees for executive director positions in the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Sumaila expressed concern over administrative bottlenecks and alleged deliberate refusal by some government agencies to implement approved policies.

He warned that the Senate would not tolerate actions capable of undermining government policies or weakening public confidence in the petroleum industry.

According to him, the nominees must demonstrate professionalism, integrity and accountability as they prepare to take up important responsibilities in the sector.

The senator also acknowledged the economic difficulties facing Nigerians, particularly the rising cost of petroleum products, transportation and food.

He urged the nominees to ensure that their regulatory decisions produce practical benefits for households and businesses rather than adding to their financial burden.

Sumaila further called for stronger regulatory oversight, improved energy security, healthy competition and sustainable investment across the petroleum industry.

Seven nominees were screened for different executive director positions covering finance, infrastructure, safety, economic regulation, corporate administration and legal affairs.

The Senate’s warning comes as the Federal Government continues to implement reforms aimed at repositioning Nigeria’s petroleum industry.

The nominees are expected to play important roles in ensuring that regulatory institutions operate transparently and effectively.

Source: https://x.com/DailyPostNGR/status/2120898248567132290?a=idMMkXDElt4hcQouIFQ&s=19

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